Latest news
Thailand’s PTT will purchase LNG from Shell, BP in long term agreements
Thai state energy company PTT PCL has won authorization to acquire a total of 2 million tonnes a year of liquefied natural gas (LNG) from Shell Eastern Trading (PTE) and BP Singapore PTE Ltd in long term agreements, as stated by the energy minister on Thursday.
read more... 13/08/2015
Yamal-Europe gas pipeline volumes increasing after suspension
The Yamal-Europe gas pipeline, which supplies Russian gas mostly to Germany and Poland, is raising volumes after an interruption on Tuesday evening, as reported by Interfax news agency, quoting German operator Gascade.
read more... 12/08/2015
Daily: Crude oil rebounds from multi-month lows after a refinery outage in the U.S
Crude oil prices rebounded on Monday, up 4 percent after a hike in U.S. gasoline and diesel due to a refinery outage helped crude futures recover from multi-month lows. Brent boosted 3.7 percent, recording its largest gain since end-May. U.S. crude jumped 2.5 percent, its highest in two months. Brent crude advanced $1.80 to close at $50.41 a barrel. WTI crude added $1.09 to settle at $44.96 a barrel.
read more... 11/08/2015
Russia agrees with draft accord with Pakistan for North-South gas pipeline
The Russian Government has authorized a draft deal in collaboration with the Pakistan Government for the building of the North-South gas pipeline.
read more... 10/08/2015
Daily: Crude oil plunges to multi-month lows on gasoline oversupply
Crude oil prices plunged, touching multi-month lows and heading for a sixth consecutive week of losses, mainly dragged down by the approaching end of the U.S. summer driving season which increased the surplus in gasoline supply. U.S gasoline inventories surpassed market estimates by about 300,000 barrels last week, pulling down global oil benchmark Brent to six-month lows and U.S. crude to a 4-1/2-month trough since Wednesday, according to government data. Brent declined by 91 cents, or 1.8 percent, to settle at $48.61 a barrel on Friday, after hitting a more than six-month low of $48.45. U.S. crude decreased by 79 cents, or 1.8 percent, to close at $43.87, after hitting a more than four-month session low of $43.80.
read more... 10/08/2015